The Star: Ringgit and Your Wealth

Our ringgit performance has been a topic of concern as it continuously weakens against the US dollar and a few other major foreign currencies. Apart from rising inflation and its implications, Kimberly states that only investors who are maintaining investments in other countries would have a cause for concern, and for those who are concerned about the ringgit falling further she advised to buy the desired foreign currency before it happens. 

Kimberly adds that you can invest in or buy foreign stocks or other instruments in foreign currency at any time, but she does not recommend doing this for fast, short-term gains. If your concern is on the ringgit falling further, consider investing in various foreign markets in their currency; if ringgit is not a concern for you, then you can have a ringgit-based portfolio. 

Kimberly emphasises on the importance of ensuring you grow capital before seeking passive income in your portfolio and to know your financial goals to determine the time horizon, as it will help you to choose the asset classes that suit your investment style. She believes that knowing when to exit the market is more important than entering it and it is always vital to do your own research when accumulating wealth so that you are constantly aware of the opportunities even during trying times. 

This article can be found online here.